International Assets Investment Management LLC Makes New $954,000 Investment in Horizon Technology Finance Co. (NASDAQ:HRZN)

International Assets Investment Management LLC bought a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 72,435 shares of the investment management company’s stock, valued at approximately $954,000. International Assets Investment Management LLC owned about 0.22% of Horizon Technology Finance as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its position in Horizon Technology Finance by 15.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 19,381 shares of the investment management company’s stock valued at $255,000 after buying an additional 2,627 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Horizon Technology Finance during the third quarter valued at $755,000. ETF Store Inc. increased its holdings in shares of Horizon Technology Finance by 7.8% during the third quarter. ETF Store Inc. now owns 42,988 shares of the investment management company’s stock valued at $511,000 after acquiring an additional 3,114 shares in the last quarter. Jump Financial LLC bought a new position in Horizon Technology Finance in the 3rd quarter worth about $175,000. Finally, Virtus ETF Advisers LLC boosted its stake in Horizon Technology Finance by 136.4% in the 3rd quarter. Virtus ETF Advisers LLC now owns 57,835 shares of the investment management company’s stock worth $687,000 after purchasing an additional 33,367 shares in the last quarter. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HRZN has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Monday, March 18th. B. Riley cut Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a research report on Monday, January 8th. Oppenheimer cut their target price on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, March 1st. Finally, LADENBURG THALM/SH SH restated a “neutral” rating on shares of Horizon Technology Finance in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.38.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud acquired 3,650 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $11.77 per share, with a total value of $42,960.50. Following the completion of the acquisition, the president now owns 156,244 shares in the company, valued at approximately $1,838,991.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Horizon Technology Finance Trading Down 0.5 %

Shares of HRZN stock opened at $11.43 on Tuesday. Horizon Technology Finance Co. has a 12-month low of $10.75 and a 12-month high of $13.73. The stock has a market capitalization of $381.76 million, a P/E ratio of -23.33 and a beta of 1.21. The firm’s 50 day moving average is $11.83 and its 200 day moving average is $12.33.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. The firm had revenue of $28.18 million during the quarter, compared to analysts’ expectations of $29.21 million. As a group, equities analysts predict that Horizon Technology Finance Co. will post 1.53 earnings per share for the current year.

Horizon Technology Finance Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 16th. Shareholders of record on Tuesday, March 19th were given a $0.16 dividend. This represents a yield of 16.48%. This is a boost from Horizon Technology Finance’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, March 18th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -269.38%.

Horizon Technology Finance Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.